do we want to think big? yes, we all want to think big about how we can reduce the deficit and never have ourselves placed in a situation like this again. this is about past debts. it is not about making room for future spending. we did not begin to that level of conversation. -- we did not get into that level of conversation. >> do you think it is that likely? >> i am glad to hear that he said that. i certainly hope so. thank you. >> next, we will hear from a number of senate republicans on the debt ceiling and spending cuts. the utah senator starts off the briefing. this is 20 minutes. x we are here to announce that -- >> we are here to announce that we are introducing a piece of legislation. this is a proposal that would rates -- raised the debt limit by $2.40 trillion. it would make the increase conditioned upon the occurrence of three events. some significant immediate spending cuts. it would take us back to a topline it number, the same number that was found in legislation recently. it would contain sta